UMH Properties Inc. (UMH) to Issue Quarterly Dividend of $0.18
UMH Properties Inc. (NYSE:UMH) declared a quarterly dividend on Tuesday, October 4th. Shareholders of record on Tuesday, November 15th will be given a dividend of 0.18 per share by the real estate investment trust on Thursday, December 15th. This represents a $0.72 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Thursday, November 10th.
UMH Properties (NYSE:UMH) traded down 1.69% on Tuesday, reaching $11.65. The company’s stock had a trading volume of 65,439 shares. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $11.02. The stock’s market cap is $322.57 million. UMH Properties has a 12-month low of $9.00 and a 12-month high of $12.70.
UMH Properties (NYSE:UMH) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. UMH Properties had a negative return on equity of 4.24% and a negative net margin of 5.23%. On average, equities analysts expect that UMH Properties will post $0.73 EPS for the current year.
In related news, Director James E. Mitchell acquired 3,000 shares of UMH Properties stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average price of $11.88 per share, with a total value of $35,640.00. Following the transaction, the director now directly owns 148,282 shares in the company, valued at $1,761,590.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.29% of the company’s stock.
A number of research analysts have recently commented on the company. Wunderlich raised their target price on UMH Properties from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded UMH Properties from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, July 28th.
UMH Properties Company Profile
UMH Properties, Inc operates as a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. It also leases homes to residents, and through its REIT subsidiary, UMH Sales and Finance, Inc (S&F), the Company sells and finances the sale of manufactured homes in its communities.
Receive News & Stock Ratings for UMH Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties Inc. and related stocks with our FREE daily email newsletter.